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<br /> , . `z;r�` - msurance rnverage(in the amount and for the period ," .
<br /> . .. - PaYme�ts may no Eonger be require3.at the opaon of Lecu'er.if mortgage. .,,�h.�
<br /> � ��Qd� �qwres)provide�by an ias�rer apP�ved by L�nder again 6ecames available and is obtained.Bornower shall pay� ,
<br /> ' � to maintain mortgage insnrance in effect,or to provide a loss resenre.untit the requirement for mortgag� •., �,` .,. ��. �;:
<br /> ��` ' tt�premiurm required ' •
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<br /> � �3 iacurance ends iu acoordance with anY written agreement between Borrower and Lendea'or applicable law. �d�S�� ve� ` � ' `�.
<br /> . `., 9.insgedioa Lender or its agent may make reasonable eauies upon and inspzr�tions af the Pcaperty. 9 _ :. _� _• ..'� •,
<br /> z: . ` � .: n reasonable cause for the inspection. �,y •:---.���'; :a .,_
<br /> Borrowu notice at the tirae of or prior to an incpection specifyi g - r
<br /> ,.��"��"•'."""�`� 10.Condemnatio». The pmceeds of any award or claim for damages. direct or rnnsequential. in oonn�tion with aay� ..
<br /> � � ��� condemnalion or other taking of any part of the Property.or for rnnveyance in Geu of condemnauon,are hereby assigned and�
<br /> , shall be paid to L.ender. � �y �
<br /> In thc event of a total talcing of the Property.the Proc�ds shall be appl'sed te the sums secured by this Security Instrumen�� . � 4
<br /> � f . whether or not then due, with any excess paid to Bosrower. In[he event af a partial takinS of the P''°pertp in which the fair
<br /> � , . . � � � martcei value of Ehe Property immediately before the taking is e9ua1 to or greater than the amount of the sums secured by this ° ..,
<br /> � , -. Security Instrument isnmediuely befnre the taking,unless Borrower and Lender otherwise agree in writing,the sums secured by ' • f � .
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<br /> j � • this Security lnsmiment shall be redaced by the amount of the praceeds mulriplied by th� following fraction: (a)the total �._
<br /> amount of the sums secured imme8iatelY before the taking,divided by(b)the fair maricet value of the Property imme��ely ',:"<
<br /> . . takin of the Property in v�hic6 the fair .;�:���
<br /> before the taking. Any balance shaU 6e paid to Borrower. In the event of a partial g 6efore the ,:1���
<br /> nnartcet vaiue of the Property imm.xtmtely before the tatdng is tess than the amount af the sums secnred immediatelY _
<br /> taking.unless Borrower and L.ender othetwise agree in writing or unless applicxbte!aw atherwise provides.die Proc�s shall
<br />_ " • be applied to the sums secured by this Seacrity Instcument whether or not the sums are then due•
<br /> � '., _ If the Property is abandoned by Borrower.or if.after nouce by I.ender to Bonower that the wndemnor offers to make an `� ;;*-
<br /> - award or setde a claim for damages, Borrower fails to respond to Lender within 3Q days after t6e date tlie notice is given, :',��, ���,:,,
<br /> Lender is authorized to collect and apply the Proceeds�at iu option.either to restoration or mpair of the Propetty or to the sums . . _ __
<br /> " --.- �- -.. - serured by this Security Inshu�ent.whether or not then due. nn al shall not extend or ,'�',�`�:`_e
<br />,,,,`--.: . Unless Lender and Borrower othenvise agreE in writing, ai►Y apPlication of praceeds w p ' �F —
<br /> �,, f .�, postpone the due date of the monWy payments referred to in paragraplu 1 and 2 or change the amount of such pa}�ents. ;,�._�°'�.
<br /> 11.Borcower Not IZelea-m1;Forbearance By Lender Not a Waiver.Extension of the time for payment ar modificatian �
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<br /> � � ..�..:.•��,- of amorcization of the sums secured by this Security instmment granted by Lender to azry successor in interest of Borrower shaU , _
<br /> `. : - ' not operate to releace the liability of the original Borrower or Borrower's sacc�ssois in interest.Lender shall nnt be required to ,;:::,:_�_n
<br /> � . commence p r o c e e Qings a g a i n s t a n Y s u c c e s s o r.in interest or refuse to exter.d time for payme.�t or otherwise modify amortization . _,�,,_, �a'�
<br /> . of the svms secured bY this �n�Y ��e� by �on of any demand made by the original Bormwer ar B omower's � t � -
<br /> � '=,,'�. successoti's in interest. Any fo�fiearance bY I.ender in exercising any right ar remedy shall not be a waiver of or preclude the . _-
<br /> ';..,� . _-..- . exercise of anY riY,ht or remedy. The covenanu and agreements of this ; ,;�: ..��.- -_--
<br /> . . ' 1Z. Succes5oss and A�Bound; Joint aae� Seve►al Liability. Co-stgnw�s• . ..,t.-•';-�r,-_
<br /> • gecurity Insuument shall bind and benefit the successo�s and assigns of Lender and Borrower, subject to the provisions of ;,�;,;, .,,_. .:--
<br /> :'� ht�`.
<br /> . paragraph 17. Borrower's covenants and agr�eme�►ts shall be joint and several. Any Borrower who co-s'�gns a n �ty _.'. r�
<br />- ' Inctrument but does tii...execute the Note: (a) is co-siguing this Securiry Instrumeat onty ta mortgage.gran eY � r,-.�l
<br /> �� ' - Borrower's interest in the Property under the tenns of this Security Instrument;(b)is rtot personally obligated to pay the sums . _,�:-
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<br /> � ,' ' secured by this Security Instrument;and(c?aS���t I.ender and any other Borrower may agree to eatend.modify,forbear or , ,.,�c_
<br /> m a l ce a n y a c c o m m o d a uons with r e gard to the terms of this Security Instrument or the Note without that Borrower's wnsent. •�„_n .
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<br /> � 13.I.oan Ci�aiges•If the loan secured by this Secudry Insuument is subject to a law whic h seu ma�cimum loan c h a s g e s, .,.:�u
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<br /> ' ' . - snd thaz law is f nally interpreted so that the inrerest or other loan charges collected or to be collected in cannection with the -�- -
<br /> � � . ' taan exceed the pemutted limits,then:(a)any such toan charge shall be re�aced by the amount necessary to reduce the charge
<br /> � to the permitted Gmit;and(b)any sums already collected from Borrower which exceeded permitted li�cs wili ba refunded to
<br /> ' Borrower. l.ender may choose to make this refand by reducing the principal owed under the Note or•by making a direct ��;./..;:.:'-`
<br /> a ` • - . payment to Borrower. If a refund reduces principal. the reduction wiU be treated as a partial prepayment without any , t_�-
<br /> - `� � pcepayment charge under the Note.
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